Tuesday, February 19, 2008
Third Planet Windpower Appoints Marathon to Advise on Joint Venture.

Wind developer appoints Marathon to advise on JV, additional capital for late-stage projects

San Ramon, CA

Third Planet Windpower has engaged Marathon Capital to assist in finding a joint venture partner or other debt or equity capital alternatives for one or more late-stage projects.

"The wind energy business is a capital intensive business," Peter Mastic, Third Planet Windpower's CEO, said in a written statement.

"And while we have access to substantial capital, [Third Planet] is always looking for additional sources of capital to further our projects andaccelerate the growth of our business."

The San Ramon, Calif. - based wind developer was formed in 2006 to develop, own and operate wind farms in the western two-thirds of the U.S. and is developing a portfolio of more than 5,000 MW across more than 15 development projects.

Third Planet owns 167 GE 1.5 MW SLE wind turbines for delivery in 2009 and expects to deploy these turbines in one or more of its late-stage projects in Texas, Nebraska, Wyoming and New Mexico.